Compliance Action, Volume 20, Number 3
The OCC's final risk governance guidelines applicable for large banks, referred to "heightened expectations" establish minimum standards for the design and implementation, and board oversight, of a risk governance framework. With every new set of regulations for the big banks, we typically see the trickle down of those expectations for all financial institutions.
The CFPB has gone after another lender for RESPA Section 8 violations.
Are Your Privacy Notices Telling the Truth, the Whole Truth and Nothing but the Truth? (Chart)
Those institutions who qualify for alternative delivery of annual privacy notices must meet some requirements we've laid out in a model privacy notice quick reference guide.
- Shifting Winds for ECOA's Guarantor Protections
- HUD Releases SCRA Disclosure Form HUD-92070
- Less Restrictive TILA Riscission Requirements
- Over $5 Million Bitcoin Heist
- Youth Savings Programs
In the Editor's Opinion
Who's the White Knight Now?
Medical debts reported to credit agencies were having a detrimental effect on consumers. It took the actions of a state - not federal agency - to forumulate a solution to this problem.
Compliance Q & A
- Employee Referrals to MLOs
- Appraisal Rules for Co-op Units
- Special Circumstances Loan HMDA Reportable?
- Reporting Partial or Incomplete HMDA Data
The FDIC has joined the voices urging depository institutions to provide properly risk-managed deposit services to money service businesses.
- Executive Director:
- Lucy H. Griffin, Esq.
- Board of Advisors:
- Patti Blenden
John S. Byrne, Esq.
Robert P. Chamness
Phillips G. Gay, Jr.
Robert G. Rowe, III, Esq.
Michael D. Maher